So what are the major changes that we have i'm just going to go through the list here and then during the uh this cle we'll go through each of these and a few other things that are important so the major changes is the first one is that we have replaced exact wording with substantially conforms to the wording in the power of attorney uh this is a major change we'll talk about it in a little bit more detail uh this was one of the major problems that people had the most sm the most insignificant mistake uh had been causing many of the powers of attorney to be unenforceable or even invalid secondly the statutory gifts rider has been eliminated uh this was also another major concern of the bar it was most confusing and we'll talk about that when we get to the point where we talk about the elimination of the gift rider but it had caused a great deal of uh of problems both because it was a separate uh it was a separate writer it was placed after where the agent signed it had to be signed simultaneously with the power of attorney so it caused many problems the signing requirements are changed uh one of the things we were asked is that somebody could uh someone who is disabled and unable to sign can direct someone as a principal can direct someone to sign on their behalf and that's incorporated into this and as i mentioned before there's the chapter amendment which will require two witnesses uh one of whom who can be the notary for all powers of attorney um there are some changes in the construction sections i'm going to go through those as we as we go through the...
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How to prepare NYSBA Power of Attorney Statutory Short Form
About NYSBA Power of Attorney Statutory Short Form
The NYSBA (New York State Bar Association) Power of Attorney Statutory Short Form is a standardized legal document used to grant someone else, known as the agent or attorney-in-fact, the authority to handle specific financial and legal matters on behalf of the person creating the power of attorney, known as the principal. The form is designed to meet the legal requirements established by New York State law and is known for its simplicity and ease of use. It includes a list of powers that can be granted to the agent, such as managing bank accounts, buying or selling property, handling taxes, and making healthcare decisions. The NYSBA Power of Attorney Statutory Short Form is commonly used by individuals who want to ensure that someone they trust can manage their affairs in case they become incapacitated or unable to handle matters themselves. It is often used by individuals who are elderly or have specific health concerns but can be used by anyone who wishes to designate an agent to act on their behalf. It is advisable to consult with an attorney while drafting a power of attorney to ensure that it is tailored to meet the principal's specific needs and requirements. Additionally, it is important to choose a reliable and trustworthy agent who understands the responsibilities involved in acting as an attorney-in-fact.
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